As ETH Breaks Support, Remittix Emerges as the Most-Watched Ethereum-Based Token
The post As ETH Breaks Support, Remittix Emerges as the Most-Watched Ethereum-Based Token appeared on BitcoinEthereumNews.com.
Crypto Presales Crypto speculations are now starting to fly around as Ethereum breaks below its $3000 support. According to analysts, this decline is happening because large Ethereum whales are starting to sell their token holdings to break even. Ethereum’s struggle to regain momentum continues, but recent Ethereum news shows that the spotlight is turning toward ETH-native solutions. Remittix, in particular, has emerged as one of the most-watched altcoins under this narrative, with increasing interest from early investors looking for the next big crypto trend. Experts indicate that the PayFi altcoin looks perfectly positioned to thrive in current market conditions. Ethereum News: Market Struggles, Failed Support Levels and Whale Activity According to recent Ethereum news, the token has now dipped below its $3000 support level. The failure of this strong support level presents a notable indication of shifting market sentiment. According to analysts, the reason this support failed to hold is that there is now increased selling pressure on Ethereum as whale wallets holding between 10,000 and 100,000 ETH continue to reduce their holdings. In addition to this, Santiment reports that Ethereum’s Network Realized Profit/Loss metric shows that investors lost more than $1 billion in the past week alone. This has, in turn, triggered a flurry of ETH selling as whales look to at least break even and prevent more significant losses from happening. Positive Ethereum News For Investors However, experts are suggesting that there is nothing to worry about, despite news about the dip. The reason is that Ethereum’s cost basis for accumulation wallets is around $2,860, and historically, Ethereum has seen a recovery whenever it approaches this threshold. As such, investors who expect this same pattern to repeat are watching these levels closely. Also, Tom Lee, Fundstrat’s CIO, remains bullish on Ethereum. In a recent interview, he states that…
Filed under: News - @ November 21, 2025 9:25 am